TI Trust Inc. Has $624,000 Stock Position in CocaCola Company (The) (NYSE:KO)

TI Trust Inc. lowered its stake in CocaCola Company (The) (NYSE:KO) by 9.5% during the first quarter, Holdings Channel reports. The firm owned 8,715 shares of the company’s stock after selling 911 shares during the period. TI Trust Inc.’s holdings in CocaCola were worth $624,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of KO. Charles Schwab Investment Management Inc. boosted its holdings in shares of CocaCola by 18.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 74,163,187 shares of the company’s stock valued at $4,617,400,000 after purchasing an additional 11,569,920 shares in the last quarter. Norges Bank bought a new position in CocaCola in the fourth quarter valued at about $3,402,151,000. Northern Trust Corp raised its stake in CocaCola by 9.5% during the fourth quarter. Northern Trust Corp now owns 43,802,296 shares of the company’s stock worth $2,727,131,000 after acquiring an additional 3,811,756 shares in the last quarter. Franklin Resources Inc. raised its stake in CocaCola by 21.9% during the fourth quarter. Franklin Resources Inc. now owns 34,103,772 shares of the company’s stock worth $2,123,301,000 after acquiring an additional 6,118,819 shares in the last quarter. Finally, Capital International Investors lifted its holdings in shares of CocaCola by 96.0% in the fourth quarter. Capital International Investors now owns 24,949,194 shares of the company’s stock worth $1,553,337,000 after acquiring an additional 12,222,885 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

CocaCola Price Performance

Shares of KO opened at $69.66 on Thursday. The firm has a market cap of $299.84 billion, a PE ratio of 27.86, a price-to-earnings-growth ratio of 3.68 and a beta of 0.46. CocaCola Company has a 52-week low of $60.62 and a 52-week high of $74.38. The business’s 50 day moving average price is $71.38 and its two-hundred day moving average price is $68.18. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.89 and a current ratio of 1.10.

CocaCola (NYSE:KO) last released its earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02. The company had revenue of $11.13 billion for the quarter, compared to the consensus estimate of $11.23 billion. CocaCola had a net margin of 23.00% and a return on equity of 45.49%. CocaCola’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.72 EPS. On average, equities analysts anticipate that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be given a dividend of $0.51 per share. The ex-dividend date is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.93%. CocaCola’s dividend payout ratio (DPR) is presently 81.60%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Barclays reaffirmed an “overweight” rating on shares of CocaCola in a report on Thursday, March 27th. Royal Bank Of Canada raised their target price on shares of CocaCola from $73.00 to $76.00 and gave the company an “outperform” rating in a research report on Wednesday, April 30th. Morgan Stanley reiterated an “overweight” rating and set a $81.00 price target on shares of CocaCola in a report on Monday, June 9th. JPMorgan Chase & Co. increased their price target on CocaCola from $74.00 to $78.00 and gave the company an “overweight” rating in a research note on Monday, April 21st. Finally, Cfra Research raised CocaCola to a “strong-buy” rating in a report on Tuesday, April 15th. Two investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $76.27.

Insider Transactions at CocaCola

In related news, EVP Beatriz R. Perez sold 60,326 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $71.87, for a total value of $4,335,629.62. Following the transaction, the executive vice president now directly owns 187,716 shares in the company, valued at $13,491,148.92. This trade represents a 24.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO John Murphy sold 88,658 shares of CocaCola stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $72.09, for a total transaction of $6,391,355.22. Following the completion of the sale, the chief financial officer now directly owns 205,511 shares of the company’s stock, valued at approximately $14,815,287.99. The trade was a 30.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 415,387 shares of company stock valued at $29,923,985 in the last 90 days. 0.97% of the stock is currently owned by corporate insiders.

CocaCola Company Profile

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.